SMALL BUSINESS OWNERS- SBA LOW INTEREST LOANS AVAILABLE NOW

Small business owners in Wisconsin are currently eligible to apply for a low-interest federal loan for working capital from the U.S. Small Business Administration (SBA) due to the Coronavirus (COVID-19). These federal disaster loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of COVID-19’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. The SBA offers loans with long-term repayments, up to a maximum of 30 years, in order to keep payments affordable, with terms determined on a case-by-case basis, based upon each borrower’s ability to repay.